What does Mortgage Protection insurance do?

Mortgage Protection is designed to pay off any outstanding mortgage balance in the event of the borrower’s untimely death. This type of plan can ensure your family is mortgage-free if you died before the mortgage term was complete.

Mortgage Protection is the cheapest form of life insurance and normally your bank will not give you a mortgage unless you have it in place.

Read more:

1. 1. How Do I Change Mortgage Protection Insurance?
2. 2. Which Mortgage Protection Insurance is The Best?
3. 3. I’m Getting a New Mortgage, Can I Transfer My Mortgage Protection?